EXHIBIT 20.1
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 1
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 1 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
---------------------------------------------------------------------------------------------------
<S> <C>
1 Total Actual Principal Collections 358,331.49
2 Total Permanent Buydown Companion Interest 1,238.16
3 Total Actual Interest Collections 170,576.89
4 Less Service Fees Service Fees Previously Remitted 9,756.96
5 Additional Proceeds 0.00
--------------------
6 Total Collections: 520,389.58
7 Pre-Funding Account Transfer 0.00
8 Interest Coverage Account Transfer 378,169.93
9 Deferred Interest Coverage Account Transfer 10,472.68
--------------------
10 Aggregate Amount Received: 909,032.19
Monthly Advances
11 Monthly Advance 411,058.70
12 Compensating Interest 1,285.03
13 Amounts Held for Future Distributions 0.00
14 Cross Collateral Deposit 0.00
15 Reserve Withdrawal per Sec. 6.14c 0.00
--------------------
16 Available Remittance Amount: 1,321,375.92
17 Service Fees 22,227.69
18 Expense Account Deposit @ 0.012 bp: 1,052.63
--------------------
19 Adjusted Remittance Amount: 1,298,095.60
Remaining Amount Available:
20 Adjusted Remittance Amount 1,298,095.60
21 Insured Payments 0.00
22 Monthly Premium @ 20 bp
due Certificate Insurer 16,606.94
23 Cross Collateral Withdrawal 0.00
24 Class Remittance Amounts 1,281,488.66
25 Non-Recoverable Advances not
Previously Reimbursed 0.00
--------------------
Total Remaining Amount Available: 0.00
====================
Amount of Reimbursements Pursuant to Sec. 5.04
26 Servicing Fee 0.00
27 Monthly Advances and Servicer Advances 0.00
28 Other Mortgage Payments 0.00
29 Interest Earned on P&I Deposits 0.00
30 Additional Servicing Compensation 0.00
---------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 1
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 1 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
----------------------------------------------------------------------------------------------------------------------------------
Total Class 1A Equity Certificate
----- --------- ------------------
<S> <C> <C> <C>
31 Loans Outstanding - BOM 1153
32 Original Loan Balance 65,333,204.47 65,333,204.47
34 Pre-Funding Account Balance 39,929,953.42 39,929,953.42
35 Initial Overcollateralization 5,263,157.89 5,263,157.89
36 Realized Losses, LTD 0.00 0.00
38 Carryforward Amount 0.00 0.00
39 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
--------------------------------------------------------------------------
40 Total Class Note Principal Balance 100,000,000.00 100,000,000.00
41 Group Factor per Loan Balance 65.3332045% 65.3332045%
42 Group Factor per Class Note Balance 100.0000000% 100.0000000%
43 Excess Spread 0.00 0.00
44 Cross Collateral Withdrawal 0.00 0.00
45 Cross Collateral Deposit 0.00 0.00
46 Additional Principal due Note A 420,809.95 420,809.95
47 Interest Remittance @ Pass-Through Rates 502,347.22 502,347.22
Principal Additions:
48 Number of loans 0 0
49 Transfers from Pre-Funding Account 0.00 0.00
Principal Reductions:
50 Prepayments - Number 7 7
51 Prepayments - Dollar 292,838.18 292,838.18
52 Delinquent Loans Repurchased - Number 0 0.00
53 Delinquent Loans Repurchased - Dollar 0.00 0.00
54 Net Liquidation Proceeds 0.00 0.00
55 Curtailments 0.00 0.00
56 Normal and Excess Payments 65,493.31 65,493.31
57 Pre-Funding Account Transfer 0.00 0.00
--------------------------------------------------------------------------
58 Total Principal Remittance 358,331.49 358,331.49
59 Additional Principal Reduction 420,809.95 420,809.95
--------------------------------------------------------------------------
60 Total Remittance 1,281,488.66 1,281,488.66 0.00
==========================================================================
61 Current Month Realized Loss - Number 0 0
62 Current Month Realized Loss - Dollar 0.00 0.00
61 LTD Realized Loss - Number 0
62 LTD Realized Loss - Dollar 0.00
Class Note Principal Balance - EOM
64 Loans Outstanding - EOM 1146
65 Closing Loan Balance 64,974,872.98 64,974,872.98
67 Pre-Funding Account Balance 39,929,953.42 39,929,953.42
68 Additional Principal Reduction, LTD 5,683,967.84 5,683,967.84
69 Realized losses, LTD 0.00 0.00
71 Aggregate Unpaid Principal Balance of Delinquent
72 Loans Repurchased per Sec. 5.11 0.00 0.00
--------------------------------------------------------------------------
73 Total Class Note Principal Balance 99,220,858.56 99,220,858.56
74 Group Factor per Loan Balance 64.9748730% 64.9748730%
75 Group Factor per Class Note Balance 99.2208586% 99.2208586%
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 1
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 1 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
-----------------------------------------------------------------------------------------------------------------
Total Class A-1
----- ---------
<S> <C> <C> <C>
76 Weighted Note Rate - THIS Remittance 11.36500%
77 Weighted Note Rate - NEXT Remittance 11.36500%
78 Related Remittance Period for Libor Rate 28-Mar-00 thru 24-Apr-00
79 Days in Related Period 28
80 Pass-Through Rates 6.45875%
81 Weighted Average Remaining Term 252.88
82 Original Pool - Principal Balance 65,333,204.47 65,333,204.47
84 Original Pool - Pre-Funding Account 39,929,953.42 39,929,953.42
85 Original Pool - Additional Principal Reduction 5,263,157.89 5,263,157.89
---------------------------------------
86 Original Pool Total 100,000,000.00 100,000,000.00
87 Original Pool - Number of Loans 1153
-----------------------------------------------------------------------------------------------------------
Class A Overcollateralization Reconciliation
Beg. of Month Current Month End of Month
--------------------------------------------------------
88 Additional Principal Reduction, LTD 5,263,157.89 420,809.95 5,683,967.84
89 Cross Collateral Deposits 0.00 0.00 0.00
90 Realized Losses, LTD 0.00 0.00 0.00
--------------------------------------------------------
92 Overcollateralization of Principal 5,263,157.89 420,809.95 5,683,967.84
========================================================
93 Base Overcollateralization Required 10,052,631.58
94 Required Overcollateralization Amount 10,052,631.58
Aggregate Overcollateralization Reconciliation
Beg. of Month Current Month End of Month
--------------------------------------------------------
95 Class 1A Overcollateralization of Principal 5,263,157.89 420,809.95 5,683,967.84
96 Class 2A Overcollateralization of Principal 6,778,710.03 562,526.16 7,341,236.19
--------------------------------------------------------
97 Overcollateralization of Principal 12,041,867.92 983,336.11 13,025,204.03
========================================================
98 Base Aggregate Overcollateralization Required 21,714,928.38
99 Required Aggregate Overcollateralization Amount 21,714,928.38
Current Month Subordinated Amount Beg. of Month Current Month End of Month
--------------------------------------------------------
100 Original Subordinated Amount 16,052,631.58 N/A 16,052,631.58
101 Less: Cumulative Realized Losses 0.00 0.00 0.00
102 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
--------------------------------------------------------
103 Current Subordinated Amount 16,052,631.58 16,052,631.58
========================================================
Nonrecoverable Advance Reconciliation
104 Beginning of Month 0.00
105 Current Month Unpaid Nonrecoverable Advance 0.00
106 Less: Current Month Reimbursement 0.00
-------------------
107 End of Month 0.00
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 1
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 1 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
-----------------------------------------------------------------------------------------------------------------
Class
Total A1
---------------------------------------
<S> <C> <C>
108 Total Class Note Principal - Original Pool $100,000,000.00 $100,000,000.00
109 Interest Remittance Amount 502,347.22 502,347.22
110 Interest Rate Factor / 1000 5.023472 5.023472
111 Total Principal Collections 358,331.49 358,331.49
112 Prefunding Account Transfer 0.00 0.00
113 Additional Principal Reduction 420,809.95 420,809.95
---------------------------------------
114 Principal Remittance Amount 779,141.44 779,141.44
115 Principal Payment Factor/1000 7.791414 7.791414
116 Principal Factor 992.208586 992.208586
-----------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 2
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 2 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
---------------------------------------------------------------------------------------------------
<S> <C>
1 Total Actual Principal Collections 173,153.82
3 Total Actual Interest Collections 193,468.74
4 Less Service Fees Service Fees Previously Remitted 11,374.10
5 Additional Proceeds 0.00
--------------------
6 Total Collections: 355,248.46
7 Pre-Funding Account Transfer 0.00
8 Interest Coverage Account Transfer 515,712.59
9 Deferred Interest Coverage Account Transfer 5,363.20
--------------------
10 Aggregate Amount Received: 876,324.25
Monthly Advances
11 Monthly Advance 602,176.61
12 Compensating Interest 670.36
13 Amounts Held for Future Distributions 0.00
14 Cross Collateral Deposit 0.00
15 Reserve Withdrawal per Sec. 6.14c 0.00
--------------------
16 Available Remittance Amount: 1,479,171.22
17 Service Fees on Interest Coverage 30,363.00
18 Expense Account Deposit @ 0.012bp: 1,457.79
--------------------
19 Adjusted Remittance Amount: 1,447,350.43
Remaining Amount Available:
20 Adjusted Remittance Amount 1,447,350.43
21 Insured Payments 0.00
22 Monthly Premium @ 20 bp
due Certificate Insurer 23,137.81
23 Cross Collateral Withdrawal 0.00
24 Class Remittance Amounts 1,424,212.62
25 Non-Recoverable Advances not
Previously Reimbursed 0.00
--------------------
Total Remaining Amount Available: 0.00
====================
Amount of Reimbursements Pursuant to Sec. 5.04
26 Servicing Fee 0.00
27 Monthly Advances and Servicer Advances 0.00
28 Other Mortgage Payments 0.00
29 Interest Earned on P&I Deposits 0.00
30 Additional Servicing Compensation 0.00
---------------------------------------------------------------------------------------------------
</TABLE>
Page 1 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 2
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 2 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
----------------------------------------------------------------------------------------------------------------------------------
Total Class 2A Equity Certificates
----- -------- -------------------
<S> <C> <C> <C>
31 Loans Outstanding - BOM 966
32 Original Loan Balance 90,300,887.85 90,300,887.85
34 Pre-Funding Account Balance 55,477,822.18 55,477,822.18
35 Initial Overcollateralization 6,778,710.03 6,778,710.03
36 Realized Losses, LTD 0.00 0.00
38 Carryforward Amount 0.00 0.00
39 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
-------------------------------------------------------------------------
40 Total Class Note Principal Balance 139,000,000.00 139,000,000.00
41 Group Factor per Loan Balance 64.9646675% 64.9646675%
42 Group Factor per Note Balance 100.0000000% 100.0000000%
43 Excess Spread 0.00 0.00
44 Cross Collateral Withdrawal 0.00 0.00
45 Cross Collateral Deposit 0.00 0.00
46 Additional Principal due Class A 562,526.16 562,526.16
47 Interest Remittance @ Pass-Through Rates 688,532.64 688,532.64
Principal Additions:
48 Number of loans 0 0
49 Transfers from Pre-Funding Account 0.00 0.00
Principal Reductions:
50 Prepayments - Number 2 2
51 Prepayments - Dollar 157,900.00 157,900.00
52 Delinquent Loans Repurchased - Number 0 0.00
53 Delinquent Loans Repurchased - Dollar 0.00 0.00
54 Net Liquidation Proceeds 0.00 0.00
55 Curtailments 0.00 0.00
56 Normal and Excess Payments 15,253.82 15,253.82
57 Pre-Funding Account Transfer 0.00 0.00
-------------------------------------------------------------------------
58 Total Principal Remittance 173,153.82 173,153.82
59 Additional Principal Reduction 562,526.16 562,526.16
-------------------------------------------------------------------------
60 Total Remittance 1,424,212.62 1,424,212.62 0.00
=========================================================================
61 Current Month Realized Loss - Number 0 0
62 Current Month Realized Loss - Dollar 0.00 0.00
63 LTD Realized Loss - Number 0
64 LTD Realized Loss - Dollar 0.00
Class Note Principal Balance - EOM
65 Loans Outstanding - EOM 964
66 Closing Loan Balance 90,127,734.03 90,127,734.03
67 Pre-Funding Account Balance 55,477,822.18 55,477,822.18
68 Additional Principal Reduction, LTD 7,341,236.19 7,341,236.19
69 Realized losses, LTD 0.00 0.00
70 Aggregate Unpaid Principal Balance of Delinquent
Loans Repurchased per Sec. 5.11 0.00 0.00
------------------------------------------------------------------------
71 Total Class Note Principal Balance 138,264,320.02 138,264,320.02
72 Group Factor per Loan Balance 64.8400964% 64.8400964%
73 Group Factor per Class Note Balance 99.4707338% 99.4707338%
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 2
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 2 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
---------------------------------------------------------------------------------------------------------------------------------
Total Class A-2
----- ---------
<S> <C> <C> <C>
74 Weighted Note Rate - THIS Remittance 11.15500 %
75 Weighted Note Rate - NEXT Remittance 11.15500%
76 Related Remittance Period for Libor Rate 28-Mar-00 thru 24-Apr-00
77 Days in Related Period 28
78 Pass-Through Rates 6.36875%
79 Weighted Average Remaining Term 357.45
80 Original Pool - Principal Balance 90,300,887.85 90,300,887.85
81 Original Pool - Pre-Funding Account 55,477,822.18 55,477,822.18
82 Original Pool - Additional Principal Reduction 6,778,710.03 6,778,710.03
---------------------------------------
83 Original Pool Total 139,000,000.00 139,000,000.00
84 Original Pool - Number of Loans 966
---------------------------------------------------------------------------------------------------------------------------------
Class A Overcollateralization Reconciliation
Beg. of Month Current Month End of Month
--------------------------------------------------------
85 Additional Principal Reduction, LTD 6,778,710.03 562,526.16 7,341,236.19
86 Cross Collateral Deposits 0.00 0.00 0.00
87 Realized Losses, LTD 0.00 0.00 0.00
--------------------------------------------------------
88 Overcollateralization of Principal 6,778,710.03 562,526.16 7,341,236.19
========================================================
89 Base Overcollateralization Required 11,662,296.80
90 Required Overcollateralization Amount 11,662,296.80
Aggregate Overcollateralization Reconciliation
Beg. of Month Current Month End of Month
--------------------------------------------------------
91 Class 1A Overcollateralization of Principal 5,263,157.90 420,809.95 5,683,967.85
92 Class 2A Overcollateralization of Principal 6,778,710.03 562,526.16 7,341,236.19
--------------------------------------------------------
93 Overcollateralization of Principal 12,041,867.93 983,336.11 13,025,204.04
========================================================
94 Base Aggregate Overcollateralization Required 21,714,928.38
95 Required Aggregate Overcollateralization Amount 21,714,928.38
Current Month Subordinated Amount Beg. of Month Current Month End of Month
--------------------------------------------------------
96 Original Subordinated Amount 20,044,572.63 N/A 20,044,572.63
97 Less: Cumulative Realized Losses 0.00 0.00 0.00
98 Plus: Cumulative Additional Proceeds 0.00 0.00 0.00
--------------------------------------------------------
99 Current Subordinated Amount 20,044,572.63 20,044,572.63
========================================================
Nonrecoverable Advance Reconciliation
100 Beginning of Month 0.00
101 Current Month Unpaid Nonrecoverable Advance 0.00
102 Less: Current Month Reimbursement 0.00
-------------------
103 End of Month 0.00
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3 of 4
<PAGE>
<TABLE>
<CAPTION>
revised ALLIANCE FUNDING COMPANY
by SUPERIOR BANK - FSB SERVICING DIVISION
Designated Servicer
SERVICER'S CERTIFICATE
AFC Mortgage Loan Asset Backed Notes, Series
2000-1 Group 2
In accordance with section 6.08 of the Pooling and Servicing Agreement dated as of March 1, 2000
Superior Bank - FSB Servicing Division reports the following
information pertaining to Series 2000-1 Group 2 for April 25, 2000, the Remittance date.
Due period ended: April 1, 2000
---------------------------------------------------------------------------------------------------------------------------------
Class
Total A2
---------------------------------------
<S> <C> <C>
104 Total Class Note Principal - Original Pool $139,000,000.00 $139,000,000.00
105 Interest Remittance Amount 688,532.64 688,532.64
106 Interest Rate Factor / 1000 4.953472 4.953472
107 Total Principal Collections 173,153.82 173,153.82
108 Prefunding Account Transfer 0.00 0.00
109 Additional Principal Reduction 562,526.16 562,526.16
---------------------------------------
110 Principal Remittance Amount 735,679.98 735,679.98
111 Principal Payment Factor/1000 5.292662 5.292662
112 Principal Factor 994.707338 994.707338
---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4 of 4
